Up to 20 high-end bikes are reportedly being stolen to order in Dublin every week, by crime gangs and offenders as young as 11.
According to The Herald bikes worth up to €3,000 are being targeted for shipping abroad to be sold elsewhere.
Department of Justice figures from last October show around 12 are robbed in Dublin every day.
It's believed some are stashed in a flats complex on Foley Street, in the north inner city while the paper reports dozens have been recently been recovered from a container in the Capel Street area.
Less expensive bikes are ending up on advertising sites like Gumtree
An investigation, code named Operation Chain, has been set up at Pearse Street Garda station to tackle the problem.
They've been using so-called 'bait bites' with tracker devices to combat the thefts.
It's believed ten suspects have been arrested and charged in relation to the crime spree.